The First of Long Island Corporation

In the early 1920's, Long Island's North Shore farmers and small business owners traveled to New York City to do their banking which is approximately 30 miles away from Glen Head, New York. For local residents, it became difficult for them to complete their banking transactions and receive loans from banks in the city due to the distance. Through the hard efforts of local residents, $50,000 in capital was raised and The First National Bank of Glen Head opened their doors for business on October 1, 1927 right at the corner of Glen Head Road & Glen Cove Avenue. The original Officers of the Bank included G. Thomas Powell, President; Harry Tappan, Vice President; and Robert S. Miller, Cashier; who managed the Bank's very first branch in Glen Head. In 1956, the Bank opened its second branch in Roslyn, NY as a full service office and continued to expand its branch footprint over the years by opening more locations in Nassau and Suffolk Counties on Long Island and in Manhattan. In July of 1978, The First National Bank of Glen Head officially changed its name to The First National Bank of Long Island. We are very proud of our success which is measured by the Bank's rich history in the local communities we serve and the generations of customers that have grown with us over the years. As the Bank "Where Everyone Knows Your Name®", our commitment is to deliver quality, personalized service to affluent consumers, small businesses, middle market prospects and professionals such as doctors, dentists, attorneys and CPA's. Our outstanding service is what differentiates us from our competition. All of our branches are staffed by knowledgeable and professional account officers with broad based banking expertise, who focus on building relationships, not transactions. We offer a complete array of consumer and business banking products, including Checking and Savings accounts, Commercial and Residential Lending Services and Investment Management products & services.
Company Growth (employees)
Type
Public
HQ
Glen Head, US
Size (employees)
314 (est)+4%
Website
fnbli.com
The First of Long Island Corporation is headquartered in Glen Head, US

The First of Long Island Corporation Office Locations

The First of Long Island Corporation has an office in Glen Head
Glen Head, US (HQ)
10 Glen Head Rd

The First of Long Island Corporation Data and Metrics

The First of Long Island Corporation Financial Metrics

The First of Long Island Corporation's revenue was reported to be $92.1 m in FY, 2015
USD

Net income (Q1, 2017)

9.1 m

EBIT (Q1, 2017)

22.9 m

Market capitalization (15-Aug-2017)

669.7 m

Cash (31-Mar-2017)

48.2 m
The First of Long Island Corporation's current market capitalization is $669.7 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

74.9 m82 m92.1 m

Revenue growth, %

10%12%

Cost of goods sold

12.4 m15 m

Gross profit

62.5 m66.9 m

Gross profit Margin, %

83%82%

General and administrative expense

9.3 m

Operating expense total

39.5 m42 m9.3 m

EBIT

59.5 m63.7 m71.3 m82.6 m

EBIT margin, %

79%78%77%

Interest income

62.5 m66.9 m75.6 m

Pre tax profit

27 m29.1 m33.4 m39.9 m

Income tax expense

5.7 m6.1 m7.5 m9 m

Net Income

21.3 m23 m25.9 m30.9 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

General and administrative expense

2.1 m2.1 m2.4 m2.2 m2.3 m2.5 m

Operating expense total

2.1 m2.1 m2.4 m2.2 m2.3 m2.5 m

EBIT

17.6 m17.9 m20.4 m21.1 m20.6 m22.9 m

Pre tax profit

8.6 m8.3 m9.8 m10 m10.6 m12 m

Income tax expense

3.1 m42 k977 k2.3 m1.8 m2.3 m2.4 m2.6 m2.9 m

Net Income

11.5 m17.6 m6.5 m12.8 m19.3 m7.4 m15.1 m23.1 m9.1 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

35.5 m32.9 m39.6 m36.9 m

Accounts Receivable

37.3 m

Total Assets

2.4 b2.7 b

Accounts Payable

4.5 m

Total Debt

395.5 m481.5 m577.2 m586.2 m

Retained Earnings

157.1 m170.1 m185.1 m203.3 m

Total Equity

206.6 m233.3 m

Debt to Equity Ratio

1.9 x2.1 x

Debt to Assets Ratio

0.2 x0.2 x

Financial Leverage

11.6 x11.7 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

46.6 m33.4 m42.3 m51 m48.9 m48.2 m

Retained Earnings

177.6 m181.3 m189.6 m194.1 m198.8 m209.1 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

21.3 m23 m25.9 m30.9 m

Depreciation and Amortization

2.8 m2.9 m3 m3.2 m

Accounts Payable

(155 k)(1.1 m)

Cash From Operating Activities

39.7 m35.6 m35.3 m35.6 m

Cash From Investing Activities

(339 m)(320.5 m)(416.8 m)(401.8 m)

Long-term Borrowings

(74.6 m)(31.8 m)

Dividends Paid

(6.9 m)(9.7 m)(10.8 m)(12.1 m)

Cash From Financing Activities

292.6 m282.4 m388.2 m363.5 m

Interest Paid

10.9 m15.7 m18.4 m21.2 m

Income Taxes Paid

6.3 m6.2 m8.1 m9 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

11.5 m17.6 m6.5 m12.8 m19.3 m7.4 m15.1 m23.1 m9.1 m

Depreciation and Amortization

1.4 m2.1 m791 k1.5 m2.3 m848 k1.6 m2.4 m824 k

Accounts Payable

(2.1 m)2.6 m

Cash From Operating Activities

16.3 m28 m8.4 m16.9 m27.5 m5.6 m14.6 m27.5 m12.7 m

Cash From Investing Activities

(100.9 m)(166.8 m)(60 m)(103.2 m)(278.9 m)(96.7 m)(214.2 m)(292.6 m)(84 m)

Long-term Borrowings

(74.6 m)(74.6 m)(31.8 m)(31.8 m)

Dividends Paid

(4.8 m)(7.2 m)(2.6 m)(5.3 m)(8 m)(2.8 m)(5.7 m)(8.8 m)(3.3 m)

Cash From Financing Activities

94.8 m134.6 m59.7 m100 m251.7 m93.8 m211 m274.4 m82.5 m

Interest Paid

8.2 m11.7 m4.2 m8.5 m12.7 m7.4 m12 m16.5 m4.9 m

Income Taxes Paid

3.3 m4.2 m575 k4.5 m5.6 m694 k4.9 m5.7 m260 k

The First of Long Island Corporation Market Value History

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The First of Long Island Corporation Company Life and Culture

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